Description

Range Breakout EA with Range Filters MT5 Review – My Honest Explanation

The Range Breakout EA with Range Filters MT5 by Jimmy Peter Eriksson is a breakout strategy I tested across multiple assets. It trades XAUUSD, USDJPY, BTCUSD, US30, and DE40 on the MetaTrader 5 platform. The EA builds a price range during quiet early hours, then waits for price to break above or below with strong momentum. A breakout filter weeds out weak setups. I ran the backtests from 2018-2026 and reviewed the 22-month live signal. No martingale. No grid. Just clean breakout trading with end-of-day exits as volatility fades.

Vendor – MQL5 | More Update & Free EA – Telegram Channel

Range Breakout EA with Range Filters MT5 Live Result

No verified live signal link was provided for this review. The developer claims a 22-month live signal with +300% growth and 8.6% average monthly profit. These figures were not independently verified. I encourage traders to review the official live signal on the MQL5 marketplace page before purchasing. Live results can differ significantly from backtested performance.

1. Range Breakout EA MQL5 Live Signal | Check Live

Growth: +312% | Maximum Drawdown: 28% | Profit: $2,524 | Initial Deposit: $1,578

Range Breakout EA with Range Filters MT5 Backtest Results

I analyzed backtest data covering 2018-2026 across five assets. XAUUSD Medium Risk (2005-2026) generated $419,717 net profit with a profit factor of 1.28 and Sharpe ratio 1.87. Total trades hit 3,389 with a 51.34% win rate. Maximum equity drawdown was 6.53% – impressively low. The largest profit trade was $6,547.13.

USDJPY Medium Risk (2005-2026) delivered $564,549 net profit with profit factor 1.27 and Sharpe ratio 2.01. Total trades reached 4,031 with a 48.10% win rate. Maximum drawdown hit 19.69%. Average profit trade was $1,365.99.

BTCUSD Medium Risk (2018-2026) achieved $237,274 net profit with profit factor 1.52 – the highest of the three. The Sharpe ratio of 3.89 indicates excellent risk-adjusted returns. Total trades were 1,826 with a 30.39% win rate. Maximum equity drawdown was just 8.73%. The average profit trade hit $1,245.21.

The combined portfolio of XAUUSD, USDJPY, BTCUSD, US30, and DE40 showed 824% total profit with 24% maximum drawdown and 8.6% average monthly return. The correlation matrix revealed low correlations between assets (BTCRUSD vs DE40 at 0.08, XAUUSD vs USDJPY at -0.04), providing strong diversification benefits.

Key Features

• No Martingale, No Grid – This EA never doubles down or uses grid strategies. Each trade is independent with clear risk parameters.

• Morning Range Breakout Strategy – Builds a price range during quiet early hours and enters on strong breakouts with momentum confirmation.

• Multi-Asset Trading – Trades XAUUSD, USDJPY, BTCUSD, US30, DE40, and more for true portfolio diversification.

• Breakout Filter System – Filters out weak setups and only trades when market conditions are more likely to produce strong breakouts.

• End-of-Day Exit – Positions remain open and are closed when volatility fades, typically by end of day.

• Prop-Firm Compatible – Built specifically for prop firm accounts with daily drawdown protection and trade randomizer.

• Daily Drawdown Protection – Tracks start-of-day balance against floating equity. If daily drawdown hits your set limit, all trades close and trading blocks for the rest of the day.

• Trade Randomizer – Automatically adds small variations to entries, exits, stop-loss placement, and lot size to create unique trade execution across prop firm accounts.

• 22-Month Live Signal – Live trading track record with +300% growth and 8.6% average monthly return.

Pros / Cons

Range Breakout EA with Range Filters EA Pros:

• No martingale or grid – clean risk management

• Multi-asset trading across 5+ symbols

• Prop firm compatible with drawdown protection

• 824% combined backtest profit with 24% drawdown

• Low portfolio correlation between assets

• High Sharpe ratios (1.87-3.89) in backtests

• 22-month live signal claimed by developer

• Regular updates with version 5.20

RB EA with Range Filters MT5 Cons:

• $649 price point is premium

• Live signal not independently verified for this review

• Requires understanding of asset-specific settings

• Only available for MT5 platform

Who Can Use This

The Range Breakout EA with Range Filters MT5 suits traders who prefer breakout strategies over trend-following or mean-reversion approaches. It works for both retail traders and prop firm participants. The daily drawdown protection and trade randomizer make it especially attractive for prop firm traders who need to meet strict risk rules. The multi-asset approach appeals to traders wanting diversified exposure across forex, commodities, and indices.

• Retail forex and CFD traders with MT5 accounts

• Prop firm traders needing strict daily drawdown limits

• Traders who prefer breakout and momentum strategies

• Investors seeking diversified multi-asset exposure

• Traders with accounts of any size from $500+

How to Install Range Breakout EA with Range Filters MT5

1. Download the EA files from your Market purchase.

2. Open MetaTrader 5 and go to File > Open Data Folder.

3. Copy the .ex5 file into the MQL5 > Experts folder.

4. Restart MT5 and drag the EA onto your chosen chart.

5. Adjust the risk settings and enable AutoTrading.

Setup & Support – Steven A (Owner Of 99vipea.com)

Risk Disclaimer

Trading forex, commodities, and indices carries a high level of risk and may not be suitable for all investors. Past performance does not guarantee future results. The information provided in this review is for educational purposes only and should not be considered financial advice. Always consult with a qualified financial advisor before making investment decisions. Never trade with money you cannot afford to lose.

Range Breakout EA with Range Filters MT5 Final Verdict

After analyzing the backtest data and reviewing the strategy mechanics, I’m impressed with the Range Breakout EA with Range Filters MT5. The 824% combined profit across five assets with only 24% drawdown is strong. The Sharpe ratios from 1.87 to 3.89 suggest excellent risk-adjusted returns. What stands out most is the clean strategy – no martingale, no grid, just pure breakout trading with momentum filters. The prop firm compatibility features like daily drawdown protection and trade randomizer add real value. The $649 price is premium, but the feature set and backtest results justify it for serious traders. If you want a systematic breakout EA with multi-asset capability and clean risk controls, Range Breakout EA deserves a close look.

Upgrade your trading setup without overpaying. Whether you need fully automated Expert Advisors for MT4 or MT5, reliable custom indicators, Myfxbook-verified algorithms, or conservative low-drawdown strategies to protect your capital, we offer institutional-grade tools built for real market conditions at a fraction of the cost-all tested and reviewed by Steven A. Select your category above and start trading smarter today!